APPENDIX 1 : WMCA Borrowing Cap Provisionally Agreed with HMT
APPENDIX 1 : WMCA Borrowing Cap Provisionally Agreed With HMT Planned external debt External debt at 31 March Body Function(s) Project Description 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 Existing WMCA External Debt (Including Deductions for Planned Loan Maturities with PWLB, Legacy WM WMCA Transport £172,078,145 £166,218,464 £160,289,728 £136,283,774 £130,199,122 £124,025,763 County Council Maturities and reductions in principal on annuity loans) WMCA Planned Prudential Borrowing from Table Below See Below £0 £0 £78,975,784 £350,296,825 £532,666,835 £743,309,568 Total planned external debt £172,078,145 £166,218,464 £239,265,512 £486,580,599 £662,865,957 £867,335,331 Planned prudential borrowing Prudential borrowing between 1 April and 31 March Project Function(s) Project Description Financing Description 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 Transport / Economic UK Central Interchange Package involves delivery of improvements and interchange capability at the HS2 Devo Deal Investment Programme : UKC Interchange £2,172,240 £18,207,390 £16,113,290 £12,303,330 Regeneration / Highways Interchange station hub. UK Central Infrastructure Package involves delivery local network improvements, public realm and town Transport / Economic centre enhancements, green infrastructure and digital connectivity. These measures will support Devo Deal Investment Programme : UKC Infrastructure £3,544,890 £10,686,250 £25,866,540 £56,719,160 Regeneration / Highways connectivity and access to the HS2 Interchange Station and support economic growth in the UK Central growth zones and corridors. Devo Deal Investment Programme : Metro Birmingham Eastside Extension Transport Extension of the Metro route to the HS2 site to include track and vehicles.
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